Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2018
In 2018, Walpole Co-Operative Bank of Walpole, MA reported 115 mortgage applications totaling $73.7 million, down 13% from 2017. The average application was for $640,478, and applicants reported an average income of $189,173. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Boston, MA (67), Cambridge-Newton-Framingham, MA (24) and Barnstable Town, MA (7) (applications in parentheses).
| Mortgage Company & Address | Walpole Co-Operative Bank 982 Main Street Walpole, MA 02081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 115 |
| Total Mortgage Loan Application Amount | $73,655,000 |
| Average Mortgage Loan Application Amount | $640,478 |
| Highest Mortgage Loan Application Amount | $6,005,000 |
| Average Applicant Income | $189,173 |
| Highest Applicant Income | $1,008,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston, MA | 67 | $ 44,085,000 | $ 657,985 | $ 204,000 |
| Cambridge-Newton-Framingham, MA | 24 | $ 22,360,000 | $ 931,666 | $ 168,000 |
| Barnstable Town, MA | 7 | $ 2,535,000 | $ 362,142 | $ 240,000 |
| Providence-Warwick, RI-MA | 7 | $ 1,815,000 | $ 259,285 | $ 107,000 |
| Worcester, MA-CT | 2 | $ 460,000 | $ 230,000 | $ 113,000 |
| Springfield, MA | 1 | $ 275,000 | $ 275,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2018
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 70 | $54,240,000 | $774,000 | $6,005,000 | $195,000 | $1,008,000 |
| Cash-out Refinancing | 17 | $6,285,000 | $369,000 | $905,000 | $173,000 | $460,000 |
| Home Improvement | 14 | $6,620,000 | $472,000 | $1,565,000 | $201,000 | $541,000 |
| Refinancing | 13 | $6,155,000 | $473,000 | $1,155,000 | $163,000 | $399,000 |
| Other Purpose | 1 | $355,000 | $355,000 | $355,000 | $231,000 | $231,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 56 | $21,190,000 | $378,000 | $1,005,000 | $191,000 | $1,008,000 |
| Not applicable | 51 | $48,785,000 | $956,000 | $6,005,000 | $0 | $0 |
| Not Provided | 7 | $3,445,000 | $492,000 | $1,105,000 | $166,000 | $231,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $100,000 | $100,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 115 | $73,655,000 | $640,000 | $6,005,000 | $186,000 | $1,008,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 93 | $63,125,000 | $678,000 | $6,005,000 | $206,000 | $1,008,000 |
| Application Denied By Financial Institution | 7 | $4,375,000 | $625,000 | $1,105,000 | $113,000 | $166,000 |
| Preapproval Approved but not Accepted | 6 | $1,810,000 | $301,000 | $405,000 | $139,000 | $213,000 |
| Application Withdrawn By Applicant | 5 | $2,815,000 | $563,000 | $1,005,000 | $220,000 | $460,000 |
| Application Approved But Not Accepted | 2 | $760,000 | $380,000 | $705,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 1 | $315,000 | $315,000 | $315,000 | $38,000 | $38,000 |
| File Closed For Incompleteness | 1 | $455,000 | $455,000 | $455,000 | $131,000 | $131,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 115 | $73,655,000 | $640,000 | $6,005,000 | $186,000 | $1,008,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank's 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Walpole Co-Operative Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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